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Erdemir announced its first quarter balance sheet

Ereğli Demir ve Çelik Fabrikaları T. A.Ş. (Erdemir) published its first quarter balance sheet for 2025 on April 29, 2025.

Erdemir announced its first quarter balance sheet

In the financial report published by Erdemir on the Public Disclosure Platform (KAP), it was determined that the company made a total profit of TRY 426.3 million (426,389,000) in the period January 1st, 2025 - March 3rd, 2025. Accordingly, the net profit of Erdemir, which announced a profit of 5.6 billion (5,600,923,000) in the first 3 months of 2024, decreased by 92% compared to the same period of the previous year.

While revenue increased by 8% compared to the same period of the previous year, operating profit decreased by 78%.

Erdemir, which generated TRY 49.7 billion (49,747,633,000) in sales in the first quarter of last year, generated TRY 53.5 billion (53,544,627,000) in sales revenues this year. While operating profit was TRY 8.8 billion (8,810,833,000) in the same period last year, this figure declined to TRY 1.8 billion (1,897,402,000) in 2025.

EBITDA, which was TRY 7.5 billion (7,516,791,000) in the previous year, amounted to TRY 4.1 billion (4,127,402,000) this year.

The company's shareholders' equity increased by 7% in the quarter.

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